---
title: "BHAS: Subsidiary Bohai International and BTAH plan to file for bankruptcy"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/233757923.md"
description: "BHAS announced that its wholly-owned subsidiary Bohai International and BTAH plan to apply for bankruptcy due to a decline in orders and operating income, resulting in an expanded loss. BTAH has received bankruptcy notices from major suppliers due to a shortage of funds and is unable to find alternative suppliers, leading to increased liquidity pressure. The board of directors has agreed to apply for bankruptcy to reduce losses, which is expected to decrease the net profit attributable to shareholders of the listed company by RMB 780 million to RMB 935 million, and it needs to be submitted for approval at the shareholders' meeting"
datetime: "2025-03-30T09:24:51.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/233757923.md)
  - [en](https://longbridge.com/en/news/233757923.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/233757923.md)
---

# BHAS: Subsidiary Bohai International and BTAH plan to file for bankruptcy

BHAS announced that its wholly-owned subsidiary in Germany, Bohai International, and BTAH have experienced a decline in orders and operating revenue due to multiple factors, leading to an increasing loss. Recently, BTAH received a notification from a major supplier that it is applying for bankruptcy due to a shortage of funds, and BTAH is unable to find alternative suppliers in the short term, exacerbating its losses and liquidity pressure. The company's board of directors has approved Bohai International and BTAH to apply for bankruptcy to reduce losses and protect shareholder interests. It is expected to reduce the net profit attributable to shareholders of the listed company by 780 million to 935 million yuan for the year 2024. This matter still needs to be submitted to the company's shareholders' meeting for deliberation

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